Transcription of SUPERVISORY GUIDANCE ON MODEL RISK …
{{id}} {{{paragraph}}}
Example: air traffic controller
SUPERVISORY GUIDANCE ON MODEL RISK …
1 Federal Deposit Insurance Corporation SUPERVISORY GUIDANCE ON MODEL RISK MANAGEMENT CONTENTS I. II. Purpose and III. Overview of MODEL Risk IV. MODEL Development, Implementation, and V. MODEL VI. Governance, Policies, and VII. I. INTRODUCTION Banks rely heavily on quantitative analysis and models in most aspects of financial decision They routinely use models for a broad range of activities, including underwriting credits; valuing exposures, instruments, and positions; measuring risk; managing and safeguarding client assets; determining capital and reserve adequacy; and many other activities.
banks have been increasing the use of data-driven, quantitative decision-making tools for a number of years. The expanding use of models in all aspects of banking reflects the extent to which models can improve business decisions, but models also come with costs. There is the direct cost of devoting resources to develop and implement models ...
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: